Bitcoin Attempts To Surpass 110,000 Dollars…Continued Strength Amid Tariff War

Bitcoin (BTC) is trading at the 108,000 Dollar level and is once again attempting to break the 110,000 Dollar mark. Despite recent US-China trade tensions and rising bond yields adding macro uncertainties, BTC continues a steady upward trend.

In particular, the intraday volatility range is relatively narrow at 108,568~110,407 Dollars, reflecting the market's wait-and-see stance. Experts analyze that if Bitcoin breaks the 112,000 Dollar resistance line with volume, further gains will be possible. The short-term support level is around 107,000 Dollars, and it is also evaluated as a valid entry point for long-term investors.

Technical indicators also show that the current market is in an 'uncertain bullish' phase. RSI 65, CCI 79, Stochastic 73, etc., are giving neutral signals, but MACD and momentum indicators are showing signs of upward fatigue. Nevertheless, the 10~200 day moving averages are all maintaining an upward trend, indicating that Bitcoin is still in a bullish market.

Currently, Bitcoin is undergoing short-term corrections in the 108,000~110,000 Dollar range. Short-term traders can utilize scalping strategies in this range, and it is evaluated that long-term investors can maintain a holding strategy unless major support levels collapse.

This week's release of the US FOMC minutes can also influence Bitcoin's trajectory, so investors need to pay attention to related indicators. Currently, Bitcoin is strengthening the narrative of being a 'hedge against inflation' in the market, and institutional demand continues to increase.